The global flue gas desulfurization system market is projected to grow from USD 14.35 Billion in 2015 to USD 19.96 Billion by 2021, at a CAGR of 5.7% between 2016 and 2021. This growth is mainly attributed to the impressive development of the power generation manufacturing and industry in the Asia-Pacific region, and stringent environmental regulations that have been imposed to control air pollution. Consideration of coal as the most reliable source of energy also acts as a driver for the FGD system market. The emergence of alternate and renewable sources of energy acts as a major restraint for the growth of the market.
The power generation segment dominated the global flue gas desulfurization system market in 2015, followed by the industrial manufacturing segment. The power generation segment is projected to grow at the highest CAGR from 2016 to 2021, followed by growth in the chemical manufacturing segment.

The Asia-Pacific region is the fastest-growing market, as it is a major consumer of the flue gas desulfurization system. There is an increasing demand for the flue gas desulfurization system from both, developed and developing countries of this region, such as Japan, China, India, Australia, and others. An increasing number of coal-based thermal power plants is expected to drive the growth of the FGD system market in China.

A growing population, urbanization, and end-use industry are increasing the demand for the flue gas desulfurization system from the end-user industries, driving the growth of the flue gas desulfurization system market in the Asia-Pacific region. Increasing chemical manufacturing, increased cement production, coupled with the growing iron & steel industry, is expected to further boost the flue gas desulfurization system market in this region.

One of the major factors inhibiting the growth of the market is the sluggish growth of the flue gas desulfurization system market in Europe and North America. Key market players operating in the global flue gas desulfurization system market, such as Alstom SA (France), Babcock & Wilcox Enterprises, Inc. (U.S.), FLSmidth & Co. A/S (Denmark), Hamon Corporation (London), Siemens AG (Germany), and Clyde Bergemann Power Group (U.S.), Burns & Mcdonnell (U.S.), Marsulex Environmental Technologies (U.S.), Mitsubishi Electric Corporation, Ltd. (Japan), and Thermax Limited (India), have adopted various strategies to increase their market shares. New contracts, joint ventures, acquisitions, new product launches, and expansions are some of the key strategies adopted by the market players to achieve growth in the global flue gas desulfurization system market.

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